Square -- new frontiers in fraud
Just got the pointer to this video about SquareUp, a new gadget/service that turns your iPhone into a credit card reader, so you can accept credit card payments yourself.
I'll be very curious to see what happens...
- First reaction: that's immensely cool and useful, and a major step towards the cashless economy.
- Second reaction: I don't have enough fingers and toes to count the number of new kinds of crime this is going to facilitate.
- Third reaction: ... and of course, this *could* just be a clever scam to get lots of bank account routing numbers quickly and easily, and then run for the hills.